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Friday, September 15, 2017

Rs 14.4 M Investment Committed to Young Startups at IoT Conclave

The IoT India Congress
2017 concluded its 2 days session today with an enthralling series of panel
discussions, key note addresses, Healthcare Live exhibition session along with
an addition of the uniquely designed Argonaut session. Deva P Seetharam,
Founder, DataGlen, Mrinmoy Purkayastha, VP & Head, ALTEN
Calsoft Labs and Bahubali Shete, Founder & CEO, IOT Pot India
Private Limited were recognised for their excellence and leadership in IoT
space. The start-ups Flutura
Business Solutions Pvt. Ltd., Swajal
Water Pvt. Ltd., TrakItNow
Technologies Pvt Ltd were awarded for
their exemplary work in the IoT domain.

As part of this year’s
initiative, the IoT India Congress introduced the Argonaut session that
provided a platform for startups to interface with angel investors. Twelve of
India’s leading angel investors including Ajeet Khurana & VC Karthic
committed Rs. 14.4 million of investment to Intelitaap and Swajal.

Elated about the
session, Apurva Damani, Director, Artha India Ventures said, “The platform
was very useful for the young and blooming entrepreneurs who are in need of
grooming, mentoring and validation of their ideas. It is heartening for me to
see the B2B space taking off”.

The two day conference
was inaugurated by Aruna Sundararajan, Secretary, Ministry of Electronics and
Information Technology, Government of India, and had keynote sessions by N
Sivasailam, Additonal Secretary, Department of Telecommunication, Government of
India among others. It witnessed engaging participation from over 320
delegates, IoT enthusiast and thought leaders across industries.

As part of her keynote
address, Aruna highlighted the work done by the government to incentivise new
investment in related sectors, which will be unveiled in the New Telecom Policy
in 2018. She spoke about IoT generating 10-15 million jobs in India through
adoption of IoT in the next few years and expressed government’s activeness on
the issue of 5G.

N Sivasailam talked
about the opportunities for gram panchayat outreach and pressed on the need to
increase the number of Indian satellites to satisfy increasing demands. He
said, India will cover 100,000 gram panchayats with broadband by later this
year.

The Congress witnessed
launch of three whitepapers during the course of two days around adoption and
growth of IoT in various sectors.

Speaking on the side
lines of the Congress, Dr. Rishi Bhatnagar, Chairman of the IET
India IoT Panel said, “The environment this year was brimming with
excitement and the 2nd edition of the IoT India Congress was a great
success witnessing more participation as compared to last year. With the palpable
drive of the thought leaders and the insight in the innovative business models
of the start-ups, it is evident that India is in the right path. We are
happy that the IoT India Congress is working to influence the future of IoT and is a platform to create future
engagement and progress in an IoT enabled India.”

“The internet of
things is going to change the way we interact and do business. It is
great to see the progress in the IoT space and we believe that such efforts,
initiatives and talent is being acknowledged and encouraged. With more
start-ups foraying into the IoT space, it is an opportunity to identify young
companies and thought leaders with breakthrough innovation in IoT that are
progressing the IoT movement in India.” said Shekhar Sanyal, Director and Country Head
of the IET.